Hi Teb,
Would you mind answering my question in post #190.
Thanks.
I don't see a chart in that posting?
the s/r I see as the most important .
teb
- #201
- Feb 20, 2008 8:05pm Feb 20, 2008 8:05pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I don't see a chart in that posting?
the s/r I see as the most important .
teb
- #202
- Edited Feb 21, 2008 2:47am Feb 20, 2008 9:08pm | Edited Feb 21, 2008 2:47am
Thanks a lot msac, I think that UChf drop, let's see.
Ciao!
Went short on usd/jpy at 108.11. Shootin' for 50 pips.
Also long on gbp/usd at 1.9464 following the month/week/day tf's. Looks like it may have some potential to move +150 pips or more over the next couple days. Hope so, we'll see!
- #205
- Feb 21, 2008 7:04am Feb 21, 2008 7:04am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Thanks all for your work and input
Euro - Yen is one I have been watching.
Monthly above 200
Weekly above 200
Daily below 200
4 Hour above 200
Therefore, I should look for a 1-2-3 trigger on the daily chart. Which it looks like we are getting close to:
1 - Dec 30th
2 - Feb 7th
3 - would be a sustained break above 159.50
The trend on this pair does appear to be down so I probably shouldn't gett too greedy with TP or too loose with SL.
Your comments please
Tim
[IMG]file:///C:/Program%20Files/Interbank%20FX%20Trader%204/eurjpn%20daily%202-21-08.gif[/IMG]
teb
- #209
- Feb 21, 2008 8:06am Feb 21, 2008 8:06am
Hi
I just wanted to add a few things
the lowest I trade this in this system is the 15 min chart
on that chart I do just A close over of the 200 - not A S/R break
ALL other TF I go for a S/R break- hopefully below the 200ema.
the 4 hour & above is amazing %
the hour & 15 are quite a bit less
under 15 mins I use the 3 ducks
Which is great
I use 2 charts 1 hour ( with the 4 hour ema on it) set up easy to see
& then the 5 mins just for he 200 EMS cross & R/S cross
I am not using TEB2 at all at this time at all
The 200ema is the easiest & most stress free way I have ever traded.
you see trades coming a mile away
cheers
TEB
Went short on usd/jpy at 108.11. Shootin' for 50 pips.
Also long on gbp/usd at 1.9464 following the month/week/day tf's. Looks like it may have some potential to move +150 pips or more over the next couple days. Hope so, we'll see!
Okay here's my latest round of results:
u/chf + 107 pips
e/u + 25 pips
u/j + 51 pips
g/u + 157 pips (still open)
Total + 340 pips
Since last Wednesday my wss trades are 13 out of 14 winners with 717 total pips!!!
(unfortuantely in demo, but definitely building my confidence!)
- #212
- Feb 21, 2008 2:01pm Feb 21, 2008 2:01pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Okay here's my latest round of results:
u/chf + 107 pips
e/u + 25 pips
u/j + 51 pips
g/u + 157 pips (still open)
Total + 340 pips
Since last Wednesday my wss trades are 13 out of 14 winners with 717 total pips!!!
(unfortuantely in demo, but definitely building my confidence!)
teb
What time frame r u using? All the same?
For all of my trades I have used day/week/4hr.
I used month/week/day for gbp/usd (currently open and up 165 pips).
It is still below 200 ema on the day and I am sure will pull back some, but I'm going to ride it out and see what kind of upside I can get. I have been trigger happy to close trades and have missed some upside. Not trying to be greedy, just want to trust the system and set the sl/tp and walk away!
Thanks to teb for the wss!
msac
- #214
- Feb 21, 2008 4:56pm Feb 21, 2008 4:56pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I am watching the following but it isfriday tomorrow
TEB
TEB
- #216
- Feb 21, 2008 5:48pm Feb 21, 2008 5:48pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Teb - where would you put your SL on the eur/jpy trade?
Lux
cheers
TEB
- #217
- Feb 21, 2008 5:58pm Feb 21, 2008 5:58pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Often you can do a trade in a number of pairs
the best known case is the USD/CHF & the EUR/USD
almost always the two pairs move at the same time.
( theseare the two pairs I trade the most)
Now which would you take.
I would take both are you are doubling your risk.
If the usd is going up I would do it against the chf
If its doing down the eur.
Because of the interest on the pair.
TEB
the best known case is the USD/CHF & the EUR/USD
almost always the two pairs move at the same time.
( theseare the two pairs I trade the most)
Now which would you take.
I would take both are you are doubling your risk.
If the usd is going up I would do it against the chf
If its doing down the eur.
Because of the interest on the pair.
TEB
- #219
- Feb 22, 2008 6:19am Feb 22, 2008 6:19am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
So that would be about a 550 pip SL with a 1:1 RR?
Thanks
Lux
Hi lux
4 things.
1. its carry trade... So am not to concerned
2. 1 to 1 only on the 1st lot ... 2nd lot I will let it run
3. if it really dropped ... I likely would dump it before
(likely if it closed under the big tail a few candles back around - 157.64)
4. its a day chart so need big stops esp/ yen crosses.
TEB
- #220
- Feb 23, 2008 9:49am Feb 23, 2008 9:49am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
eur/jpy
TEB
TEB